SentinelOne CEO Tomer Weingarten closed on a $11.5-million home in Los Altos, just below the asking price, according to public records.
The property, on just over an acre in the Country Club neighborhood, wasn’t listed on the MLS and had been asking $12 million. The 4,100-square-foot main home has five bedrooms and four-and-a-half baths with a great room that opens to a covered patio overlooking the pool and spa. Other outdoor amenities include a fire pit seating area, lawn, outdoor kitchen and trellised dining space. It also has a two-bedroom, two-bath guest house and a four-car garage.
The Los Altos home (Sotheby’s)
The property last changed hands in 2013, the year Weingarten co-founded the Israeli cybersecurity company, now based in nearby Mountain View. It debuted as a public company in June with a valuation of almost $9 billion, the highest-ever for a cybersecurity IPO, according to CNBC. Rival CrowdStrike, valued at only $6.7 billion when it went public in 2019, is now worth $46 billion.
Weingarten’s shares were valued at almost $300 million in September, according to Jewish Business News, which reported Weingarten paid his ex-wife an additional $124 million in shares as part of their divorce settlement. That was in September, when the stock was trading at about $60 a share. It dropped to $46 this week after reaching a high of $76 in November.
Weingarten isn’t the only tech CEO buying up high-priced Bay Area properties. At the end of last year, Vignan Velivela, co-founder of transportation tech company AtoB, bought a historic San Francisco mansion for $12.25 million.
Yet others are decamping for lower-tax locations like Florida and Texas. Tesla founder Elon Musk moved his electric-car company headquarters to Austin, where his space exploration company was already located, and sold his Hillsborough mansion after a price cut for $32 million.
Though some have wondered if the high-profile defection of Musk and other tech CEOs will have a broader impact on the Bay Area marketplace, the ultra-luxury end of the market shows few signs of slowing.
Atherton again had America’s most expensive zip code in 2021, at almost $9 million for a median-priced home. It was joined in the top 10 by zip codes in nearby Palo Alto as well as in the Marin town of Ross. The Los Altos neighborhood that Weingarten just bought into is the 14th most expensive in the country, with a median sales price of $3.7 million, up almost 6 percent in a year.
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